Analysis of the Financial Performance of MTN Nigeria Communications Plc in Half Year 2020

MTN Nigeria increased its subscribers base by adding 6.8m to its network totaling 71.1m mobile subscribers as of June 2020. Total revenue generated was up by 12.5% (y/y) to ₦638.08bn for the first half of the year, compared to ₦566.95bn generated in the same period in 2019. Growth in revenue was largely driven by a 12.6% increase in revenue from Services provided which accounted for 99.8% of total revenue (₦636.99bn).

Service revenue included revenue from its core activities of providing voice calls, data services, digital platforms, fintech (MoMo), and Other services (SMS, USSD, etc.).

2021-2023 MTEF: Key Implications and Market Impact

We recently received the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) released by the budget office of the Federation. We have thus provided an update on the key highlights, their implications and market impacts.

Next Phase of the Crisis: Further Action Needed for a Resilient Recovery

When G20 finance ministers and central bank governors last met in April, the world was in the midst of the Great Lockdown forced by the outbreak of COVID-19. As they meet virtually this week, many countries are gradually reopening, even as the pandemic remains with us. Clearly, we have entered a new phase of the crisis—one that will require further policy agility and action to secure a durable and shared recovery.

COVID-19 Crushes Global Economy but Emerging Markets are in Bigger Troubles

By 2021, it is of high expectation that the world will return to normalcy, and economies around the world should recover from the adverse effect of coronavirus spread. However, emerging markets may continue to wallow in economic crisis as contemporary issues like weak GDP growth rate, unemployment rate, high debt profile, income inequalities, among others, remain in the picture, most of which have been worsened by the global pandemic effects.

Germany: The Troubled Giant

So far in 2020, the industrial giant of EU zone has been badly hit as a result of several factors in the global space, causing further pain for the economy. In January 2020, production activities nosedived, recording a huge decline of about 2.7% year-on-year, blame the total economic lockdown measure against the global pandemic.

After COVID-19, Comes the Debt

The Build Up Global borrowing has been rising so rapidly due to recent economic events and incidents around the world, that many are worried is becoming unsustainable. According to the new OECD forecasts, as increasingly stringent containment measures required to control the spread of coronavirus (COVID-19), would inevitably lead to significant short-term if not long-term […]

Assessment of Nigeria’s Economic Performance in 2019

Major broad highlights of the year range from the country’s general elections February, to the world credit rating agencies downgrading Nigeria in December. This research report provides a broad assessment into Nigeria’s economic performance in 2019.

Download Data on Impact of External Debt on Economic Growth

In the excel file below, nominal GDP data was used as a proxy to measure economic growth and this serves as the independent variable. Multilateral Debt, Paris Club Debt, London Club Debt, Promissory Notes and other debts are used as proxy to measure external debt and they are the independent variables. All the data were […]

With Saudi Aramco, Oil is not Dead Yet

On Wednesday 11 of December, the World’s largest integrated oil and gas company (and fourth largest integrated refiner in the world) officially listed on the Saudi Stock Exchange after its IPO by selling 1.5% (equivalent to 3 billion shares) of the company’s share capital ($1.7 trillion at valuation) to the public, thereby making it surpass the amount Alibaba raised in 2014 ($25 billion) as it raised a record $25.5 billion- Largest IPO in the history of mankind.

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